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The CSI Consumer 360 index continues to show a good market trend! The two leading Beer stocks in Hong Kong have both reached new highs for the year, with BUD APAC rising 30%, outperforming Tencent.
① The two leading Beer stocks in Hong Kong have reached new highs for the year; what new logic is emerging in Consumer stocks? ② BUD APAC has risen 30% this year, outperforming Tencent; what are the highlights?
Hong Kong stocks movement | The gains of beer stocks widen in the afternoon; BUD APAC (01876) rises nearly 7%, and CHINA RES BEER (00291) increases by over 6%.
In the afternoon, beer stocks increased further; as of the time of this report, BUD APAC (01876) rose by 6.99% to HKD 9.79, and CHINA RES BEER (00291) rose by 6.49% to HKD 30.35.
Citi: Maintains Buy rating on CHINA RES BEER (00291) and lowers Target Price to HKD 35.6.
The bank emphasizes that BUD APAC (01876) and CHINA RES BEER are still its favored Chinese beer stocks.
We Think Budweiser Brewing Company APAC (HKG:1876) Can Stay On Top Of Its Debt
The Dining, Alcoholic Beverages, and Sporting Goods sectors have all shown strong performance. The report from the China Consumer Association shows that over 60% of consumers believe the consumption environment is getting better.
Jinwu Financial News | The Consumer Sectors, including Dining, Alcoholic Beverages, and Sporting Goods, are showing strong performance. In the Dining Sector, JIUMAOJIU (09922) rose by 6.01%, XIABUXIABU (00520) increased by 4.65%, SHANGHAI XNG (03666) grew by 4.17%, HAIDILAO (06862) rose by 2.95%, and HAILUNSI (09869) increased by 2.42%. In the Alcoholic Beverages Sector, BUD APAC (01876) rose by 6.37%, CHINA RES BEER (00291) increased by 5.07%, TSINGTAO BREW (00168) grew by 4.99%, and DYNASTY WINES (00828) rose by 3.
Market Chatter: AB InBev Denies Job Cuts at Budweiser APAC
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